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NH Investment & Securities |
[Alpha Biz= Kim Jisun] South Korean financial regulators have launched a raid on the headquarters of NH Investment & Securities over allegations of insider trading. The action comes amid suspicions that an employee at the firm used undisclosed material information acquired through their professional role to gain unfair profits.
According to sources on July 24, the Financial Services Commission (FSC) began executing a search and seizure operation the previous day at NH Investment & Securities’ headquarters in Yeouido, Seoul. The probe centers around violations of the Capital Markets Act, specifically the prohibition on using undisclosed important information.
Authorities suspect the employee obtained insider information while managing a tender offer process for a publicly listed company and allegedly leaked or used the information for personal gain — either by trading themselves or through an associate. The FSC is now tracking financial transactions linked to the employee to determine whether other individuals were also involved.
This comes just months after a similar case in February, when regulators investigated employees of MBK Partners and a lawyer at Law Firm Gwangjang for allegedly using insider information during a tender offer for shares in Hankook & Company in 2023.
The investigation into NH Investment & Securities is ongoing.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
